The Home Depot, Inc. $HD Position Trimmed by Heritage Wealth Management Inc. CA

Heritage Wealth Management Inc. CA decreased its position in The Home Depot, Inc. (NYSE:HD) by 2.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,812 shares of the home improvement retailer’s stock after selling 60 shares during the quarter. Heritage Wealth Management Inc. CA’s holdings in Home Depot were worth $1,031,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. JGP Wealth Management LLC grew its stake in shares of Home Depot by 2.2% in the 2nd quarter. JGP Wealth Management LLC now owns 11,627 shares of the home improvement retailer’s stock valued at $4,263,000 after buying an additional 246 shares in the last quarter. Cypress Wealth Services LLC lifted its holdings in Home Depot by 5.1% in the 2nd quarter. Cypress Wealth Services LLC now owns 1,655 shares of the home improvement retailer’s stock worth $607,000 after purchasing an additional 81 shares during the last quarter. Sagespring Wealth Partners LLC lifted its holdings in Home Depot by 8.7% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 38,594 shares of the home improvement retailer’s stock worth $14,150,000 after purchasing an additional 3,073 shares during the last quarter. Boston Trust Walden Corp lifted its holdings in Home Depot by 0.3% in the 2nd quarter. Boston Trust Walden Corp now owns 42,376 shares of the home improvement retailer’s stock worth $15,537,000 after purchasing an additional 127 shares during the last quarter. Finally, Frazier Financial Advisors LLC lifted its holdings in Home Depot by 8.8% in the 2nd quarter. Frazier Financial Advisors LLC now owns 1,195 shares of the home improvement retailer’s stock worth $438,000 after purchasing an additional 97 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Insiders Place Their Bets

In related news, EVP William D. Bastek sold 3,783 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $410.23, for a total value of $1,551,900.09. Following the completion of the transaction, the executive vice president directly owned 24,235 shares in the company, valued at approximately $9,941,924.05. This represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the completion of the transaction, the executive vice president owned 16,057 shares of the company’s stock, valued at $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,835 shares of company stock valued at $19,623,432 in the last ninety days. 0.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

HD has been the subject of several analyst reports. Wolfe Research initiated coverage on Home Depot in a report on Thursday, September 18th. They issued an “outperform” rating and a $497.00 target price for the company. Weiss Ratings restated a “buy (b)” rating on shares of Home Depot in a report on Wednesday, October 8th. DA Davidson restated a “buy” rating and issued a $450.00 target price on shares of Home Depot in a report on Tuesday, August 19th. Oppenheimer boosted their target price on Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a report on Thursday, September 25th. Finally, Morgan Stanley boosted their target price on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $435.42.

Home Depot Stock Performance

Shares of NYSE HD opened at $387.72 on Wednesday. The business has a fifty day simple moving average of $403.56 and a 200 day simple moving average of $377.52. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The firm has a market capitalization of $385.94 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 3.60 and a beta of 1.00. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). The firm had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Thursday, September 4th. Home Depot’s dividend payout ratio is presently 62.50%.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.